Seafund pushes Fund II's close to 2025 amid LP caution

Seafund pushes Fund II's close to 2025 amid LP caution

Founding team Seafund(L-R Manoj Agarwal, Mayuresh Raut, Narendra Bhandari)

India’s deep tech-focused, early-stage venture capital firm Seafund, which is in the market raising its Rs 250 crore ($30 million) second fund, has pushed its expected closure to mid-2025, citing Indian elections, high inflation, and good returns from the public markets, which is prompting limited partners (LPs) to adopt a “wait-and-watch” approach.

Edited by: Pramod Mathew